Examples of Comprehensive Amendment in a sentence
Pursuant to the Comprehensive Amendment Agreement No. 1, dated as of April 11, 1996 (the “CAA”), between Pure Cycle and certain investors (including CAA Holder), Pure Cycle is obligated to pay such investors certain proceeds it receives from the sale of “Export Water” (as defined in the CAA).
Pursuant to the terms of the Fifth Amendment to Project Loan Agreement and Comprehensive Amendment of All Other Loan Documents dated February 28, 2001, the Borrower assumed all rights, obligations and benefits of DMSC in, to and under the Loan Document and all Other Loan Documents.
The Borrower is obligated to amortize the principal and pay compensatory interest and, if applicable, default interest, expenses, fees and Taxes that this may generate under the terms and conditions established in this Comprehensive Amendment.
The annual financial statements must be audited by one of the external auditing firms with international prestige listed in Annex 5.1 (e) to this Comprehensive Amendment.
All payments that the Borrower must make to the Creditor Banks under this Comprehensive Amendment will be made in Soles and with funds having immediate availability on each payment Date, for which reason the Borrower will make sufficient funds available to the Administrative Agent to fully complete the payment for each installment, so that it can distribute this to the Creditor Banks, pro-rated at their respective shares in the Loan principal.
Inc., a corporation organized under the laws of the State of Maryland (the “Borrower”), KeyBank National Association, individually and as administrative agent, and certain other lenders are parties to that certain Credit Agreement dated as of October 15, 2007, as amended by a Comprehensive Amendment to Credit Agreement dated April __, 2009 (as it may be amended, modified and/or restated from time to time, the “Credit Agreement”).
The obligations derived from the Loan granted under this Comprehensive Amendment will be executed by the Borrower issuing two (2) Promissory Notes and Endorsements, which will be delivered to the Bank with blank maturity dates and amounts.
If, within thirty (30) calendar days following the Closing Date, all pre-existing conditions indicated in this Clause 3.2 have not been met (or the Bank has not waived them), the Bank may unilaterally terminate the Comprehensive Amendment in full right under article 1430 of the Civil Code; or grant the Borrower a grace period to comply with said pre-existing conditions, at its sole discretion.
The amortization of the Loan principal will be made through payment of twenty (20) quarterly installments and a balloon payment, according to the Payment Schedule, which (along with the final schedule that will be delivered on the Disbursement Date), forms an integral part of this Comprehensive Amendment.
The Borrower agrees that after the maturity date on each Promissory Note and Endorsement, until effective payment, the amount listed on the same will accrue compensatory interest and default interest at the rates agreed upon and the amounts established in this Comprehensive Amendment.